50 questions across 6 question groups — pick any mix to generate a Accountancy paper with step-by-step answer keys.
Choose the correct answer.
24 Q→02Answer the following questions:
8 Q→03Answer the following questions:
7 Q→04Answer the following questions:
3 Q→05Answer the following questions:
2 Q→061 Marks
6 Q→One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Answer: D.
View full solution →Answer: B.
View full solution →Answer: A.
View full solution →Answer: C.
View full solution →Answer: A.
View full solution →| Liabilites | ₹ | Assets | ₹ |
| Capital | 4,52,000 | Buildings | 2,00,000 |
| Sundry Creditors | 48,000 | Furniture | 20,000 |
| Stock | 40,000 | ||
| Sundry Debtors | |||
| Venkat | 1,00,000 | ||
| Cash in hand | 30,000 | ||
| Cash at bank | 1,10,000 | ||
| 5,00,000 | 5,00,000 |
| S. No. | Particulars | Debit ₹ | Credit ₹ | Voucher type | Group | |
| a. | Cash Account A/c To Devi's Capital A/c | Dr. | 4,00,000 | 4,00,000 | Receipt Voucher | Cash-in Hand Capital Account |
| b. | Indian Bank A/c D To Cash A/c | Dr. | 60,000 | 60,000 | Contra Voucher | Bank Account Cash-in-Hand |
| c. | Furniture A//c To Cash A//c | Dr. | 15,000 | 15,000 | Payment Voucher | Fixed Assets Cash-in-Hand |
| d. | Purchase A/c, To Sumathy A/c | Dr. | 50,000 | 50,000 | Purchase Voucher | Purchase A//c Sundry Creditors |
| e. | Cash A/c To Sales | Dr. | 10,000 | 10,000 | Sales Voucher | Cash-in-Hand Sales Accounts |
| f. | Purchases A/c To Bank A/c | Dr. | 5,000 | 5,000 | Purchase Voucher | Purchase Accounts Cash-in-Hand |
| g. | Arun A//c To Sales A/c | Dr. | 70,000 | 70,000 | Sales Voucher | Sundry Debtors Sales Account |
| h. | Cash A//c To Bank A/c | Dr. | 25,000 | 25,000 | Contra Voucher | Cash-in-Hand Bank Account |
| i. | Sumathy A/c To Bank A/c S | Dr. | 30,000 | 30,000 | Payment Voucher | Sundry Creditors Bank Account |
| j. | Salaries A/c To Bank A/c | Dr. | 36,000 | 36,000 | Payment Voucher | Indirect Expenses Bank Account |
| k. | Carriage A/c To Cash A/c | Dr. | 6,000 | 6,000 | Payment Voucher | Direct Expenses Cash-in-Hand |
| i. | Computer A/c To Muthu Ltd. A/c | Dr. | 44,000 | 44,000 | Purchase Voucher | Fixed Assets Sundry Creditors |
| Liabilities | ₹ | Assets | ₹ |
| Capital | 1,60,000 | Buildings | 40,000 |
| Sundry creditors: | Furniture | 20,000 | |
| Maya A/c | 20,000 | Stock | 10,000 |
| Sundry debtors | |||
| Peter | 20,000 | ||
| Cash in hand | 30,000 | ||
| Cash at bank | 60,000 | ||
| 1,80,000 | 1,80,000 |
During the year the following transactions took place.
You are required to prepare trading and profit and loss account for the year ended 31-03-2019 and balance sheet as on that using Tally.
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